Kashyap Maganbhai Vaghasiya v. DCIT

SUBSCRIBE FOR FULL CONTENT


The Tax Publishers2024 TaxPub(DT) 1954 (Srt-Trib) IN THE ITAT SURAT BENCH PAWAN SINGH, J.M. & DR. A. L. SAINI, A.M. Kashyap Maganbhai Vaghasiya v. DCIT ITA No. 106/SRT/2024 8 April, 2024 Appellant by: P. M. Jagasheth CA Respondent by: Vinod Kumar, Sr. DR ORDER *A.L. Saini, A.M.* Captioned appeal filed by the assessee, pertaining to assessment year (assessment year) 2013-14, is directed against the order passed by the Learned Commissioner of Income Tax (Appeals), (in short the learned Commissioner (Appeals)), Surat, in Appeal No.CIT(A) Surat-4/10082/2012-13, dated 21-9-2023, which in turn arises out of a penalty order passed by Assessing Officer under section 271(1)(b) of the Income Tax Act, 1961 (hereinafter referred to as the Act), dated 2-2-2021. 2. The grounds of appeal raised by the assessee are as follows: 1. On the facts and in the circumstances of the case as well as the law on the subject, the learned Commissioner of the Income Tax (Appeals) has erred in confirming the action of the Assessing Officer in levying penalty of Rs. 10,000 under section 271(1)(b) of the Income Tax Act, 1961. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers2024 TaxPub(DT) 1954 (Srt-Trib)

IN THE ITAT SURAT BENCH

PAWAN SINGH, J.M. & DR. A. L. SAINI, A.M.

Kashyap Maganbhai Vaghasiya v. DCIT

ITA No. 106/SRT/2024

8 April, 2024

Appellant by: P. M. Jagasheth CA

Respondent by: Vinod Kumar, Sr. DR

ORDER

A.L. Saini, A.M.

Captioned appeal filed by the assessee, pertaining to assessment year (assessment year) 2013-14, is directed against the order passed by the Learned Commissioner of Income Tax (Appeals), (in short the learned Commissioner (Appeals)), Surat, in Appeal No.CIT(A) Surat-4/10082/2012-13, dated 21-9-2023, which in turn arises out of a penalty order passed by Assessing Officer under section 271(1)(b) of the Income Tax Act, 1961 (hereinafter referred to as the Act), dated 2-2-2021.

2. The grounds of appeal raised by the assessee are as follows:

1. On the facts and in the circumstances of the case as well as the law on the subject, the learned Commissioner of the Income Tax (Appeals) has erred in confirming the action of the Assessing Officer in levying penalty of Rs. 10,000 under section 271(1)(b) of the Income Tax Act, 1961.